Seven African firms made the list: Flutterwave - Payments; Kuda - Neobanking; MTN - Payments; PalmPay - Payments; Piggyvest - Financial planning; Yoco - Payments. For the 2024 edition, the editors at CNBC selected outstanding organisations from each individual market segment for their newsworthiness. The news channel said fueled by technological advancements, expanding global markets, and collaborative leadership, companies are shaping the future of financial services.
The list is based on analysis and weighting of overarching general KPIs and segment specific KPIs focused on the individual categories,' CNBC noted. Flutterwave has been playing a pivotal role in enabling global multinationals such as Uber, to expand seamlessly into markets in Africa. The leading payments technology firm facilitates remittances from the African diaspora worldwide, supporting family, business, and other needs.